Petroteq Energy Inc., through its subsidiaries, engages in the oil sands mining and oil extraction operations in the United States.
+ 1 more risk
Adequate balance sheet and overvalued.
Share Price & News
How has Petroteq Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PQE's share price has been volatile over the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: PQE underperformed the Canadian Oil and Gas industry which returned -20.7% over the past year.
Return vs Market: PQE underperformed the Canadian Market which returned -8.6% over the past year.
Price Volatility Vs. Market
How volatile is Petroteq Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHave Insiders Been Buying Petroteq Energy Inc. (CVE:PQE) Shares This Year?
6 months ago | Simply Wall StHave Insiders Been Buying Petroteq Energy Inc. (CVE:PQE) Shares This Year?
1 year ago | Simply Wall StIs Petroteq Energy Inc's (CVE:PQE) Balance Sheet Strong Enough To Weather A Storm?
Is Petroteq Energy undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PQE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PQE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PQE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: PQE is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PQE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PQE is good value based on its PB Ratio (0.1x) compared to the CA Oil and Gas industry average (0.7x).
How is Petroteq Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Petroteq Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Petroteq Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Petroteq Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has Petroteq Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PQE is currently unprofitable.
Growing Profit Margin: PQE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PQE is unprofitable, and losses have increased over the past 5 years at a rate of -23.3% per year.
Accelerating Growth: Unable to compare PQE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PQE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-16.2%).
Return on Equity
High ROE: PQE has a negative Return on Equity (-24.12%), as it is currently unprofitable.
How is Petroteq Energy's financial position?
Financial Position Analysis
Short Term Liabilities: PQE's short term assets ($2.8M) do not cover its short term liabilities ($14.9M).
Long Term Liabilities: PQE's short term assets ($2.8M) do not cover its long term liabilities ($3.7M).
Debt to Equity History and Analysis
Debt Level: PQE's debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: PQE's debt to equity ratio has reduced from 8073.9% to 16.6% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PQE has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PQE is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.
What is Petroteq Energy's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PQE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PQE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PQE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PQE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PQE is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PQE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alex Blyumkin (47yo)
Mr. Aleksandr Blyumkin, also known as Alex, serves as Interim Chief Executive officer at Petroteq Energy Inc. since March 31, 2020. He is Co-Founder of Petroteq Energy Inc. (also known as MCW Energy Group ...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD286.00K) is above average for companies of similar size in the Canadian market ($USD163.24K).
Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||5.83yrs||US$90.00k||0.0034% $314.3|
|Chief Technology Officer||9.08yrs||US$258.04k||0.0081% $739.2|
|Director of Communications||no data||no data||no data|
|Chief Geologist||no data||no data||no data|
|Corporate Secretary||no data||no data||no data|
|Financial Advisor & Member of Board of Advisors||no data||no data||no data|
Experienced Management: PQE's management team is seasoned and experienced (5.8 years average tenure).
|Financial Advisor & Member of Board of Advisors||no data||no data||no data|
|Member of Advisory Board||1.42yrs||no data||no data|
|Non-Executive Director||7.67yrs||US$333.25k||0.080% $7.3k|
|Independent Director||5.17yrs||US$213.25k||0.14% $13.0k|
|Director||0.25yr||no data||0.0097% $887.2|
|Member of Advisory Board||0.58yr||no data||no data|
|Member of Advisory Board||0.92yr||no data||no data|
|Member of Advisory Board||1.08yrs||no data||no data|
Experienced Board: PQE's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 55.1%.
Petroteq Energy Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Petroteq Energy Inc.
- Ticker: PQE
- Exchange: TSXV
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$9.137m
- Shares outstanding: 203.04m
- Website: https://www.petroteq.energy
- Petroteq Energy Inc.
- 15165 Ventura Boulevard
- Suite 120
- Sherman Oaks
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|A2DYWC||DB (Deutsche Boerse AG)||COM NPV||DE||EUR||No data|
|PQE||TSXV (TSX Venture Exchange)||Yes||New Common Stock||CA||CAD||Oct 2012|
|PQEF.F||OTCPK (Pink Sheets LLC)||Yes||New Common Stock||US||USD||Oct 2012|
|PQCF||DB (Deutsche Boerse AG)||Yes||New Common Stock||DE||EUR||Oct 2012|
Petroteq Energy Inc., through its subsidiaries, engages in the oil sands mining and oil extraction operations in the United States. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 2,541.76 acres in the Asphalt Ridge area of Utah. The company also has operating rights under five U.S. federal oil and gas leases covering approximately 5,960 acres situated in Uintah, Wayne, and Garfield counties, Utah. In addition, it is developing a blockchain-powered supply chain management platform for the oil and gas industry. The company was formerly known as MCW Energy Group Limited and changed its name to Petroteq Energy Inc. in May 2017. Petroteq Energy Inc. is based in Sherman Oaks, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 05:19|
|End of Day Share Price||2020/06/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.